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OTS given permanent basis

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The Office of Tax Simplification (OTS) has been established on a permanent basis as an independent Office of the Treasury. The OTS will be established on a statutory basis in Finance Bill 2016. A new framework document setting out the structure within which the OTS will operate has been published on the OTS website (www.bit.ly/1DMFchC), alongside terms of reference for two upcoming reviews on:

  • the closer alignment of income tax and NICs; and
  • the simplification of small company taxation.
Issue: 1272
Categories: News
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